Hi °C | Lo °C EMBATTLED property developer Sean Dunne is staying silent about efforts by Ulster Bank to bankrupt him over unpaid debts of €164m.
The one time 'Baron of Ballsbridge' had "no comment" on the dramatic move by the lender, which was announced in the High Court on Tuesday.
He and his wife, socialite Gayle Killilea, were yesterday seen leaving a renovation project in the millionaires enclave of Greenwich, Connecticut, where they have been living for the past three years.
Mr Dunne has previously denied any involvement in the building project on Stillman Lane in the town and has claimed that his wife is developing the property and not he.
NAMA, which is also pursuing Dunne for large debts, has issued court proceedings claiming he secretly transferred millions of euro to his wife so she could embark on a new career as a property developer in her own right.
The agency claims the Dunnes have made millions from the renovation and sale of homes in the US while their creditors went unpaid.
Mr Dunne seemed relaxed yesterday when approached by the Irish Independent and well dressed for the cold Connecticut weather in a wool jacket and red scarf.
He and his wife swapped briefcases at the building site before he left in a silver Lexus.
Ms Killilea, once a frequent face on the Dublin social scene, was dressed glamorously in a green coat and leather boots and left the house a few minutes after her husband in an SUV.
The stunning colonial style home is one of the houses at the centre of NAMA's claim against them in the US.
Luxurious
The property in a luxurious estate in Greenwich was bought in January 2011 for $1.5m by lawyer Thomas Heagney of Heagney, Lennon and Slane solicitors in Connecticut.
NAMA claims he was acting as a trustee for the couple at the time.
Despite mounting financial battles, the Dunnes continue to rent a $20,000-a-month mansion in a gated community in Greenwich.
Ulster Bank secured a judgment against Mr Dunne last year for €164m.
On Tuesday it got permission from the High Court to serve Mr Dunne with bankruptcy papers in the US, saying it had been unable to serve them on him in Ireland.
Irish Independent
